Prudential Financial Inc. Has $3.60 Million Holdings in Bemis Company, Inc. (BMS)
Prudential Financial Inc. raised its position in Bemis Company, Inc. (NYSE:BMS) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,795 shares of the industrial products company’s stock after buying an additional 880 shares during the period. Prudential Financial Inc. owned 0.09% of Bemis worth $3,598,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. NEXT Financial Group Inc increased its stake in shares of Bemis by 31.3% during the 2nd quarter. NEXT Financial Group Inc now owns 2,935 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Bemis by 33.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 846 shares during the last quarter. Burney Co. purchased a new stake in shares of Bemis during the 1st quarter worth approximately $213,000. Stonebridge Capital Advisors LLC increased its stake in shares of Bemis by 2.3% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 4,604 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 104 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Bemis during the 1st quarter worth approximately $226,000. Hedge funds and other institutional investors own 75.65% of the company’s stock.
Several equities research analysts have recently issued reports on BMS shares. BMO Capital Markets restated a “hold” rating and set a $48.00 price target on shares of Bemis in a research note on Friday, June 2nd. BidaskClub upgraded shares of Bemis from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Barclays PLC upgraded shares of Bemis from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $43.00 to $54.00 in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of Bemis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Royal Bank Of Canada restated a “sell” rating on shares of Bemis in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Bemis presently has an average rating of “Hold” and a consensus price target of $48.80.
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Bemis Company, Inc. (NYSE:BMS) opened at 47.35 on Friday. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 21.36 and a beta of 0.90. The company has a 50-day moving average of $43.45 and a 200-day moving average of $45.78. Bemis Company, Inc. has a 1-year low of $40.60 and a 1-year high of $51.98.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.08). Bemis had a net margin of 5.18% and a return on equity of 18.53%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company posted $0.67 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. Analysts anticipate that Bemis Company, Inc. will post $2.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.53%. Bemis’s dividend payout ratio is currently 54.30%.
Bemis Company Profile
Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States, as well as global medical device and pharmaceutical packaging-related manufacturing operations.
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